SHIPS
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Automotive
Severnav Switches To RON452.000 Loss In 1Q/2016
Romanian ship builder Severnav (SEVE.RO) switched to a loss of RON452,000 in the first three months of 2016, compared with a profit of RON45,000 in the same period a year ago.
Energy
Grup Servicii Petroliere To Invest $1.2B In Ships And Oil Rigs
Grup Servicii Petroliere (GSP), the offshore drilling company of Upetrom group owned by businessman Gabriel Comanescu, plans to invest $1.2 billion in ships and drilling rigs, funded with ba...
Companies
Daewoo Mangalia To Build 4 Ships In $400M Deal
Southeastern Romanian shipyard Daewoo Mangalia Heavy Industries, or DMHI, will build four container carriers for Israeli group Ofer Global Holdings, under a $400 million contract, the ship o...